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Global IT Spending Market in the Oil and Gas Industry 2016-2020
About Global IT Spending in the Oil and Gas Industry
The oil and gas industry includes processes of hydrocarbon exploration, extraction, refining, and transportation. The
finished product is transported by tankers and pipelines and is subsequently marketed. The industry's largest volume
products are fuel oil and gasoline. Products such as petroleum are often used as the raw material to manufacture
fertilizers, solvents, pharmaceuticals, plastics, and pesticides. The overall industry is divided into three major
components, upstream, midstream, and downstream operations.
The oil and gas industry has exerted significant efforts to boost operational efﬕ
ciency and reduce costs. To that end,
information technologies have emerged as a core component of almost all industry operations, from extraction to
logistics and sales.
Publisher's analysts forecast the Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54
billion during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global IT Spending in Oil and Gas Industry
for 2016-2020.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
View Complete Report @ http://www.reportsweb.com/global-it-spending-market-in-the-oil-and-gas-
industry-2016-2020
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